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agreed to acquire three companies that produce electrical components used in optical networking equipment.

Financial terms of the acquisitions weren't disclosed. The company acquired


, which is based in Los Angeles, and


, Santa Clara, Calif. Both companies develop high-speed electronic components for 10-gigabit ethernet optical modules. Additionally, Intel agreed to buy


, Newark, Calif., a provider of highly integrated, high-speed optical equipment.

"The optical networking equipment industry is now segmenting in a way that requires unique solutions for different market segments," Intel said in a statement. "Our communications equipment customers are asking us to integrate high-speed electronic and photonic components into cost-effective building blocks that help them reduce time to market."

Shares of Intel were off 34 cents, or 1.1%, to $29.98 in recent